Sun, Dec 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gottex launches new fund of UCITS hedge funds as Q2 AuM down 8.3% to $7.26bn

Tuesday, July 20, 2010

From the Opalesque team:

The total fee-earning assets of Gottex, a global FoHFs house, were US$7.26bn at 30 June 2010, compared to $7.92bn at 31 March 2010, representing a change of -8.3%. Gottex Fund Management accounted for $6.8bn and Gottex Solutions Services (GSS) for $0.45bn.

Gottex' $6.80bn AuM for Q2 show a decrease of 8.8% when compared to $7.46bn in Q1-10. The decrease was largely driven by foreign exchange movements, technical factors, performance and returning cash to investors in run-off share classes.

New UCITS FoFs launched this month Gottex launched a UCITS III fund of funds product in Luxembourg earlier this month and is now in the process of 'passporting' it to the major European markets.

This fund of UCITS hedge funds qualifies for UCITS status without the use of financial structuring to meet UCITS III liquidity requirements, avoiding derivatives, wrappers or other synthetic structures to minimize maturity mismatches between underlying assets and liabilities.

Market neutral strategies: positive performance YTD The market neutral strategies posted positive performance YTD, outperforming many funds of hedge funds and equity indices, the latter declining substantially in Q2-10.

The HFRI Fund of Funds Composite Index was down 0.70% (est.) in June and down 1.03% YTD, whereas the HFRI Equity Market Neutral Index was down 0.71% (est.) and down 0.69% YTD. And the S&P 500 Index was down 7.57% YTD at the......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und